DC Water's

Finance

Financing a multi-billion dollar utility takes thoughtful financial planning and innovation.

Financial Policies
DC Water's adopted series of financial policies for financing
Financial Reporting
Annual Comprehensive Financial Reports
Innovative Financing
At DC water, we are always thinking about how we can do things better.
Investor Relations
Fostering and maintaining positive relationships through transparent financial communications.
Risk Management
Continuously working to identify, evaluate, and prioritize risks and to minimize, monitor, and control the probability or impact of unfortunate events. 
Budget & Financial Planning
DC Water’s operating, capital budget, and financial plan
Monthly Financial Reports
Actual numbers are estimates and subject to change based on results of the annual financial statement audit.
See More In Finance

Financing a multi-billion dollar utility takes thoughtful financial planning and innovation.

In 1996,  DC Water underwent a governing overhaul that placed strategic leadership with a Board of Directors and financial independence from District of Columbia government. The Office of the Chief Financial Officer was created and DC Water took responsibility for developing budgets, rate setting, paying vendors, performing financial audits and accounting, and raising funds through the Capital Markets.  Since that time, DC Water has achieved 18 unqualified audit opinions and now boasts a AAA rating – the highest a utility can achieve-- by rating agency Standard and Poor’s.

As a prominent water and wastewater utility, we take great care to respect the environment, protect human health, ensure water quality, and promote social and economic development for the District of Columbia and surrounding jurisdictions.

Senior Bond Ratings
as of February 2026
S&P
AAA
Moody's
Aa1
Fitch
AA+
Liquidity and Asset Value
as of September 2025
Days of Cash
282
Net Assets
$9.1B
Outstanding Debt
$4.1B

Upcoming Meeting

Board of Directors Meeting

April 24, 2023

Monday 9:00 AM

Announcement

Last gantry at the bottom of the shaft where crews connect it
Now Fully Assembled, It’s Full Speed Ahead for the tunnel boring machine Mary and the Potomac River Tunnel

Final Gantry Completes Mobile Support Train Behind Mary Stretching More Than 700 Feet

DC Water’s tunnel boring machine Mary may be the muscle behind the Potomac River Tunnel Project, but the gantries that trail behind her form the heart, brains, and guts of the operation. Now crews have lowered and connected the final gantry section, giving Mary the tools and equipment she needs to continue tunneling north.

Latest Blog Post
Emergency supplies arranged on a table, including bottled water, canned food, a backpack, first aid kit, flashlight, phone, medication and other essential items.
Simple Ways to Stay Prepared at Home
A few simple steps can help your household prepare for severe weather and temporary water or sewer service interruptions.
Upcoming Meeting

Upcoming Events

Customer Service Center Announcement

Payment Plan Incentive: provides a credit back of 50% of the last 3 payments made. Eligible participants are residential customers who have had an outstanding balance for 60 days or greater and with an outstanding balance of $500 or more.